HIVE Digital Technologies to Acquire 32 MW Data Center in Boden, Deepening an Eight-Year Community Partnership in Northern Sweden

Executive Summary

• HIVE Digital Technologies Ltd. received approval from the Boden Municipal Council to acquire the Big Boden 32 MW data center from Bodens Utvecklings AB, transitioning the company from a tenant to the facility's owner.
• The acquisition formalizes HIVE's permanent commitment to Sweden, following over eight years of local operations that included ~$100M USD in regional investments and ~$60M USD in taxes paid.
• Upon closing, HIVE will upgrade the facility to Tier III infrastructure standards to support enterprise-scale AI and HPC workloads, including NVIDIA's latest GPU architectures.

Key Details

• Transaction: Acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB.
• Regulatory Status: Approved by the Boden Municipal Council; transaction remains subject to customary closing conditions.
• Historical Investment: Over 960 million SEK (~$100M USD) invested in the Boden region over eight years via local contractors and renewable energy procurement.
• Tax Contributions: Over 575 million SEK (> $60M USD) paid to the Swedish Tax Authority.
• Infrastructure Upgrade: Post-closing plans to advance the facility to Tier III standards for security, redundancy, and uptime required for enterprise AI/HPC workloads.
• Community & CSR Initiatives: Sponsor of the Boden Hockey League (12 youth teams + newly established women's teams), naming partner of HIVE Arena, and collaborating with Boden Municipality and RISE on data center heat recovery for broader community use.
• Global Strategy Context: The acquisition integrates into HIVE's broader renewable-powered AI infrastructure buildout across Canada, Sweden, and Paraguay, targeting sovereign compute demand.

Notable Quotes

• Johanna Thörnblad, Country Site President, Sweden: "We chose Boden in 2018 because the municipality understood, before most did, what sustainable digital infrastructure could look like... This acquisition is HIVE's clearest signal yet that Sweden is part of our long-term global strategy to build sovereign AI compute."
• Béatrice Öman, Mayor of Boden Municipality: "This is an investment in Boden's future... HIVE has already shown that they want to be a long-term player here, and through this deal, the company is creating conditions for continued development in the municipality."
• Frank Holmes, Executive Chairman: "Sweden, Paraguay, Canada: the thread connecting all of our operations is the same... Boden has been an exceptional partner for nearly eight years, and this acquisition is our commitment to continue earning that relationship."